Mexico's Televisa Searches
For Stardom on Global Stage

MEXICO CITY -- Grupo Televisa SA, Latin America's largest media concern, wants to grab a bigger role on the world stage.

With U.S. media giants merging left and right and new competition nibbling away at Televisa's domestic franchise, the Mexican company has decided to go global like never before. In a high-stakes makeover, Televisa is shedding old technologies and jumping into new ones, such as a $180 million expenditure on direct-to-home television. It is also accelerating a risky foray into gringo territory, broadcasting...